Chapter 15 - Price Levels And The Exchange Rate In The Long Run

40 Questions  I  By Morganeci

  
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1.  Which of the following statements is the most accurate? In general, under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
2.  Under the monetary approach to the exchange rate theory, money supply growth at a constant rate
A.
B.
C.
D.
E.
3.  In practice,
A.
B.
C.
D.
E.
4.  Which of the following statements is the most accurate? The law of one price states:
A.
B.
C.
D.
E.
5.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
6.  Which of the following statements is the most accurate about the Law of One Price on Scandinavian ferry lines?
A.
B.
C.
D.
E.
7.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
8.  An increase in the world relative demand for U.S. output causes
A.
B.
C.
D.
E.
9.  Under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
10.  Under a flexible-price monetary approach to the exchange rate,
A.
B.
C.
D.
E.
11.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
12.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
13.  Under sticky prices,
A.
B.
C.
D.
E.
14.  In the short run,
A.
B.
C.
D.
E.
15.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
16.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
17.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
18.  Under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
19.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
20.  When all variables start out at their long-run levels, the most important determinant of long-run swings is nominal exchange rates is
A.
B.
C.
D.
E.
21.  Under sticky prices,
A.
B.
C.
D.
E.
22.  Under PPP (and by the Fisher Effect), all else equal,
A.
B.
C.
D.
E.
23.  Which of the following statements is the most accurate? In general,
A.
B.
C.
D.
E.
24.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
25.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
26.  Who among the following list of people is an early 20th century economist from Yale University who wrote the book The Theory of Interest?
A.
B.
C.
D.
E.
27.  If people expect relative PPP to hold,
A.
B.
C.
D.
E.
28.  Interest rate differences between countries depend on
A.
B.
C.
D.
E.
29.  In order for the condition E$/HK$ = Pus/PHK to hold, what assumptions does the principle of purchasing power parity make?
A.
B.
C.
D.
E.
30.  Under Purchasing Power Parity,
A.
B.
C.
D.
E.
31.  In the long run
A.
B.
C.
D.
E.
32.  The difference between nominal and real interest rates is that
A.
B.
C.
D.
E.
33.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
34.  Which of the following statements is the most accurate? In general, under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
35.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
36.  The monetary approach makes the general prediction that
A.
B.
C.
D.
E.
37.  The expected real interest rate (re) in terms of the nominal interest rate (R) and the expected inflation rate (πe) is given by
A.
B.
C.
D.
E.
38.  The expected rate of change in the nominal dollar/euro exchange rate is best described as
A.
B.
C.
D.
E.
39.  When the domestic money prices of goods are held constant
A.
B.
C.
D.
E.
40.  Under Purchasing Power Parity,
A.
B.
C.
D.
E.
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